Warren Buffett buys Bryan-College Station Eagle

Warren Buffett’s Berkshire Hathaway is buying the 20,000-circulation Bryan-College Station (Texas) Eagle newspaper from the Evening Post Publishing Co. of Charleston, S.C. for an undisclosed price. The deal closes June 30.

“[The area’s] got all the elements of a great community newspaper market that we look for,” including Texas A & M University, a strong medical community and a great business environment, says Terry Kroeger, CEO of Buffett’s World-Herald. “We think it’s a terrific market, and it was available at a reasonable price.”

* Warren Buffett buys Texas newspaper (omaha.com)
* It’s the eighth sale in The Eage’s 123-year history (theeagle.com)